Overview of Stax Payments Features and Limitations

Stax Payments (formerly Payment Depot) provides subscription-based payment processing with wholesale interchange rates for established businesses.

Key Benefits:

• Direct interchange rates: Pay only interchange + 8¢ per transaction with no percentage markup

• Same-day funding: Available for qualified merchants

• Complete toolkit: Includes virtual terminal, invoicing, and recurring billing

• B2B options: Level 2/3 processing for reduced corporate card rates

• Integration options: API access and major platform integrations available

Notable Limitations:

• Monthly fee: $99 monthly subscription required

• Volume requirements: Not cost-effective for businesses processing under $20,000 monthly

• Hardware costs: Card readers and terminals sold separately

• Setup time: Merchant account approval required

• Contract term: Annual contract typically required

Stax Payments is ideal for established businesses processing over $20,000 monthly who want predictable pricing and wholesale rates. The subscription model offers significant savings for higher-volume merchants but may not be cost-effective for smaller operations.